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The 40 Highest Earning Musicians in 2013

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Billboard has released its list of 2013’s top 40 earners in music, and the numbers appear to give credence to some oft cited business wisdom: artists don’t make their money on music.

Every musician on the list earned far more from touring than they did on physical/digital sales and streaming revenues combined. Of course, it helps to have an album to tour behind, and touring heavily doesn’t necessarily guarantee making more than any other act. In fact, almost half of the biggest tour grossers didn’t register on the Money Makers rankings. Still, those who did make it on had significant boosts thanks to road work.

Taylor Swift topped the list with a 2013 gross of $39,699,575.60 (yeah, they went down to the cents). Of that, a whopping $30 million came from her worldwide Red tour. $9 mill in music sales and other income is nothing to sneeze at, of course, but Swift stands to earn that much from tour sponsorships and merch sales alone. Kenny Chesney, Justin Timberlake, Bon Jovi, and The Rolling Stones round out the top 5, all of whom appear on the top grossing tours list. More proof that tours make all the difference? Over 75% of Michael Bublé’s earnings, 90% of Celin Dion’s, and 95% of perennial earners Trans-Siberian Orchestra’s all came from performing shows. Phish only sold 52,000 albums last year, and they still came in at 25.

So if you ever thought music’s superstars just record a couple songs and watch the money roll in, now you know better. Everyone from Justin Bieber to Paul McCartney has to put in the leg work to make their millions. Check out the full list of the top 40 Money Makers below.